The automotive centre console global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Centre Console Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive centre console market size has grown strongly in recent years. It will grow from $31.3 billion in 2023 to $33.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to rise of modern electric vehicles, changing consumer behavior,limited connectivity features, simple storage compartments.
The automotive centre console market size is expected to see strong growth in the next few years. It will grow to $44.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rising production of passenger cars and commercial vehicles, growth of the high-end and luxury car segments, expansion of the connected car ecosystem, surge in demand for electric and autonomous vehicles . Major trends in the forecast period include integration of large touchscreen displays, customizable ambient lighting, connectivity with iot and smart home devices, wireless charging for devices, multi-functional and modular console designs.
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Scope Of Automotive Centre Console Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rapidly growing demand for electric vehicles is significantly contributing to the growth of the automotive centre console market. Safe, secure, and robust centre control systems are an integral part of an electric car. Centre consoles in electric cars are used for navigation and touch controls. For instance, in February 2023, the Bureau of Labor Statistics, a USA-based unit of the United States Department of Labor published an article according to which electric vehicle sales in the United States is expected to reach 40% of total passenger car sales by 2030, and more optimistic projections foresee electric vehicle sales surpassing 50% by the year 2030. Thus, the increasing demand for electric vehicles will drive the automotive centre console market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The automotive centre console market covered in this report is segmented –
1) By Type: Touch Screen, Buttons and Controls
2) By Vehicle Type: Passenger Vehicle, Premium Cars, Compact Cars, Mid-Size Cars, Luxury Cars, SUV, Electric Vehicle
3) By Distribution: Original Equipment Manufacturer, After Market
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Regional Insights –
Asia-Pacific was the largest region in the automotive centre console market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive centre console market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the automotive centre console market report are AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG, Delphi Automotive plc, Emerson Electric Co., Faurecia SA, Hyundai Mobis Co, Johnson Controls Inc., Lear Carporation, MVC Holdings LLC, Novem Car Interior Design, Yanfeng International Automotive Technology Co. Ltd., Draxlmaier Group, Grammer AG, Magna International Inc., Toyota Boshoku Corporation, Novares Group SA, Langfang Huaan Automobile Equipment Co. Ltd., Visteon Corporation, Inteva Products LLC, Grupo Antolin Irausa SA, Tachi-S Co. Ltd., International Automotive Components Group, F S Fehrer Automotive GmbH, Adient plc, Brose Fahrzeugteile GmbH & Co. KG, Schaeffler AG, Robert Bosch GmbH, Kasai Kogyo Co. Ltd., Shiroki Corporation
Table of Contents
1. Executive Summary
2. Automotive Centre Console Market Report Structure
3. Automotive Centre Console Market Trends And Strategies
4. Automotive Centre Console Market – Macro Economic Scenario
5. Global Automotive Centre Console Market Size and Growth
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31. Global Automotive Centre Console Market Competitive Benchmarking
32. Global Automotive Centre Console Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Centre Console Market
34. Automotive Centre Console Market Future Outlook and Potential Analysis
35. Appendix
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